HMV Names Deloitte as Administrator While Seeking Sale

Deloitte LLP, administrators for HMV Group Plc, said it remains “hopeful” that Britain’s biggest seller of CDs and DVDs will survive after Hilco, a U.K. retail restructuring firm, bought the chain’s secured debt.

Deloitte will “work closely” with Hilco “as we continue to seek a positive outcome,” joint administrator Nick Edwards said today in an e-mailed statement. “Stores continue to trade and at this time we remain hopeful of securing a long-term future for HMV.”